Oregon Wildfires and Straight-line Winds (DR-4562-OR) – Updates
FEMA Declared Disaster in Oregon
Announcement 2020-080 released on September 16, 2020 addressed that on September 15, 2020, FEMA announced a Major Disaster Declaration pertaining to wildfires and straight-line winds in Oregon, with an incident date of September 7, 2020. No incident end date has been declared at this time.
Announcement 2020-085 released on September 24, 2020 resumed purchases in certain zip codes.
Update
Effective October 14, NewRez will resume purchasing loans in all zip codes in all previously impacted counties as noted below including Clackamas, Lane, Linn and Marion counties. This applies to Conventional, FHA, VA and USDA products.
Refer to Chapter 15, Disaster Policy, for full details.
Conventional
The following zip codes by county will require an inspection or appraisal for conventional, as applicable.
|
County |
Zip Codes Eligible for Purchases with Inspection or Appraisal per the Disaster Policy |
||
|
Douglas |
· 97443 · 97447 |
· 97470 |
· 97479 |
|
Jackson |
· 97501 · 97502 · 97504 |
· 97520 · 97522 · 97524 |
· 97535 · 97539 · 97540 |
|
Lincoln |
· 97364 |
· 97368 |
|
For Conventional loans, any loans in zip codes not mentioned above will require:
Conventional:
- Borrower attestation, signed and dated, that there is no damage and they agree to the closing and funding of the loan
- Evidence of acceptable insurance policy in place
VA Loans
The following zip codes by county will require an inspection or appraisal for VA loans, as applicable.
|
County |
Zip Codes Eligible for Purchases with Inspection or Appraisal per the Disaster Policy |
||
|
Douglas |
· 97443 · 97447 |
· 97470 |
· 97479 |
|
Jackson |
· 97501 · 97502 · 97504 |
· 97520 · 97522 · 97524 |
· 97535 · 97539 · 97540 |
|
Lincoln |
· 97364 |
· 97368 |
|
The following zip codes by county will not require an appraisal or inspection for VA loans, but will still require:
VA:
- Veteran’s Certification, signed and dated:
-
- I have inspected the property located at ____________and find its condition now to be acceptable to me. I understand that I will not be charged for any disaster‐related expenses and now wish to close the loan.
- Evidence of acceptable insurance policy in place
FHA and USDA Loans
Purchases are now eligible in the following counties regardless of zip code and an inspection or appraisal will be required for FHA and USDA loans in accordance with to Chapter 15, Disaster Policy.
- Douglas
- Jackson
- Lincoln
Eligibility in Clackamas, Lane, Linn and Marion Counties
The four (4) counties below remain eligible for purchases with the exception of the zip codes noted.
Conventional Loans
The following zip codes by county remain ineligible for purchase at this time for conventional loans.
|
County |
Zip Codes Ineligible for Purchase |
||
|
Clackamas |
· 97004 · 97009 · 97015 |
· 97017 · 97022 · 97023 |
· 97038 · 97042 · 97055 |
|
Lane |
· 97413 · 97438 |
· 97454 · 97478 |
· 97488 · 97489 |
|
Linn |
· 97358 · 97346 |
· 97360 |
· 97386 |
|
Marion |
· 97342 · 97346 · 97358 |
· 97360 · 97375 · 97381 |
· 97383 · 97385 |
For Conventional loans, any loans in zip codes not mentioned above will require:
- Borrower attestation, signed and dated, that there is no damage and they agree to the closing and funding of the loan
- Evidence of acceptable insurance policy in place
VA Loans
The following zip codes by county remain ineligible for purchase at this time for VA loans.
|
County |
Zip Codes Ineligible for Purchase |
||
|
Clackamas |
· 97004 · 97009 · 97015 |
· 97017 · 97022 · 97023 |
· 97038 · 97042 · 97055 |
|
Lane |
· 97413 · 97438 |
· 97454 · 97478 |
· 97488 · 97489 |
|
Linn |
· 97358 · 97346 |
· 97360 |
· 97386 |
|
Marion |
· 97342 · 97346 · 97358 |
· 97360 · 97375 · 97381 |
· 97383 · 97385 |
For VA loans, any loans in zip codes not mentioned above will require:
- Veteran’s Certification, signed and dated:
- I have inspected the property located at ____________and find its condition now to be acceptable to me. I understand that I will not be charged for any disaster‐related expenses and now wish to close the loan.
- Evidence of acceptable insurance policy in place
FHA and USDA Loans
The following zip codes by county remain ineligible for purchase at this time for FHA and USDA loans.
|
County |
Zip Codes Ineligible for Purchase |
||
|
Clackamas |
· 97004 · 97009 · 97015 |
· 97017 · 97022 · 97023 |
· 97038 · 97042 · 97055 |
|
Lane |
· 97413 · 97438 |
· 97454 · 97478 |
· 97488 · 97489 |
|
Linn |
· 97358 · 97346 |
· 97360 |
· 97386 |
|
Marion |
· 97342 · 97346 · 97358 |
· 97360 · 97375 · 97381 |
· 97383 · 97385 |
For FHA and USDA loans, any loans in zip codes not mentioned above will require:
- An inspection or appraisal in accordance with Chapter 15, Disaster Policy.
Purchases Eligible in Klamath County
Effective September 24, NewRez lifted the pause in purchases in Klamath County. This applies to Conventional, FHA, VA and USDA products. Refer to Chapter 15, Disaster Policy, for full details.
Conventional Loans
The following zip codes by county will require an inspection or appraisal for conventional loans.
|
County |
Zip Codes Eligible for Purchase |
|
|
Klamath |
· 97623 |
· 97624 |
All other zip codes in Klamath will require the following:
Conventional:
- Borrower attestation, signed and dated, that there is no damage and they agree to the closing and funding of the loan
- Evidence of acceptable insurance policy in place
VA Loans
The following zip codes by county will require an inspection or appraisal for VA loans.
|
County |
Zip Codes Eligible for Purchase |
|
|
Klamath |
· 97623 |
· 97624 |
All other zip codes in Klamath will require the following:
VA:
- Veteran’s Certification, signed and dated:
-
- I have inspected the property located at ____________and find its condition now to be acceptable to me. I understand that I will not be charged for any disaster‐related expenses and now wish to close the loan.
- Evidence of acceptable insurance policy in place
FHA and USDA Loans
Purchases are now eligible in Klamath County regardless of zip code and an inspection or appraisal will be required for FHA and USDA loans in accordance with Chapter 15, Disaster Policy.
As with all disasters, the affected areas are not definitively confirmed until FEMA formally designates such areas, which occurs following the completion of the incident and an assessment of the damage. As a result, we will continue to monitor FEMA announcements for impacted areas in order to update any additional impacted counties.